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eBook Cost of Trade Credit Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not

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eBook Cost of Trade Credit Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places. a. 1/15, net 20. % b. 2/10, net 55. % c. 3/10, net 50. % d. 2/10, net 50. % e. 2/15, net 40. %

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